Have a nice day traders. GOLD price is trading with a range of 2016-2041 in the H4 frame. It is predicted that gold prices will continue to increase before gold prices decrease in 2016 💚
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The US Core Personal Consumption Expenditure (PCE) Price Index will be looked upon for fresh clues about the Fed's future policy decisions, which, in turn, will drive the USD demand and provide a fresh directional impetus to the Gold price. In the meantime, traders on Tuesday will take cues from the US housing market data – Building Permits and Housing Starts. Apart from this, a scheduled speech by Richmond Fed President Thomas Barkin might influence the XAU/USD.